Nu Holdings Ltd. (NYSE:NU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Nu Holdings Ltd. (NYSE:NU – Get Free Report) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.21.

NU has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday, August 2nd. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th.

Check Out Our Latest Stock Analysis on NU

NU Stock Performance

Shares of NU stock opened at $13.32 on Thursday. The business’s 50 day moving average price is $14.45 and its 200 day moving average price is $13.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $63.46 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 0.64 and a beta of 1.13. NU has a one year low of $8.04 and a one year high of $16.15.

Institutional Trading of NU

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of NU by 179.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock worth $105,000 after buying an additional 5,672 shares during the last quarter. Hamilton Lane Advisors LLC raised its position in NU by 97.8% in the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after acquiring an additional 247,642 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of NU in the first quarter valued at about $1,790,000. Oppenheimer & Co. Inc. purchased a new position in NU in the first quarter valued at about $133,000. Finally, US Bancorp DE boosted its stake in shares of NU by 1,241.5% during the 1st quarter. US Bancorp DE now owns 226,036 shares of the company’s stock worth $2,697,000 after acquiring an additional 209,187 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

About NU

(Get Free Report

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.

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